Shares of the company, which stocks products that have beenoverproduced, discontinued, or rejected by other retailers, fell15 percent to $32.90 premarket on Thursday. They closed at$38.84 on Wednesday on the New York Stock Exchange.

Big Lots now expects fiscal 2012 adjusted earnings of $2.80to $2.95 per share, lower than its previous forecast of $3.25 to$3.40 per share.

Analysts on average were expecting a profit of $3.29 pershare, according to Thomson Reuters I/B/E/S.

On an adjusted basis loss at the company's Canadianoperations widened to 5 cents per share in the second quarter,from 2 cents per share, a year earlier.

The company's second-quarter profit from continuingoperations fell to $22.1 million, or 36 cents per share, from$35.7 million, or 50 cents per share, a year earlier.

Revenue rose 4 percent to $1.22 billion.

Analysts on average had expected earnings of 41 cents pershare on revenue of $1.24 billion.